LLOYD'S UNDERWRITERS

Lloyd’s underwriters.An unincorporated association of underwriters who, under a common name, engage in the insurance business through an attorney-in-fact having authority to obligate the underwriters severally, within specified limits, on insurance contracts that the attorney makes or issues in the common name. — Also termed Lloyd’s association; American Lloyd’s. [Cases: Insurance  1220. C.J.S. Insurance § 1709.]
[Blacks Law 8th]